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Commercial Banks are the lender of the last resort. - Commercial Applications

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प्रश्न

Commercial Banks are the lender of the last resort.

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उत्तर

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Commercial banks are not the lender of last resort; that duty is filled by the central bank. During a financial crisis, the central bank provides emergency liquidity to commercial banks, ensuring stability and preventing bank failures when no other funding sources are available.

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पाठ 7: Banking and Bank Transactions - EXERCISES [पृष्ठ १२६]

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गोयल ब्रदर्स प्रकाशन Commercial Applications [English] Class 10 ICSE
पाठ 7 Banking and Bank Transactions
EXERCISES | Q 44. | पृष्ठ १२६
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